Examples of Surviving Obligations in a sentence
In the event that Purchaser delivers a notice of termination to Seller within such thirty (30) day period, this Agreement shall terminate, and the Deposit shall be refunded in its entirety to Purchaser, Seller shall pay the Breakage Fee to Purchaser, and thereafter and no party shall have any further rights or obligations hereunder except for the Surviving Obligations, which shall survive such termination.
In the event that Purchaser delivers a notice of termination within such thirty (30) day period, this Agreement shall terminate, and the Deposit shall be refunded in its entirety to Purchaser, Seller shall pay the Breakage Fee to Purchaser, and thereafter no party shall have any further rights or obligations hereunder except for the Surviving Obligations, which shall survive such termination.
If SELLER fails to cure the Title Objections by the Closing Date or the extended Closing Date, as the case may be, BUYER shall have the right to terminate this Agreement, whereupon the Deposit shall be returned to BUYER and the parties shall have no further force and effect, except for the Surviving Obligations.
If, despite BUYER’S diligent efforts, a firm commitment for such loan cannot be obtained, BUYER shall have the right to terminate this Agreement by written notice received by SELLER no later than 3:00 p.m. on , 2024 (the “Mortgage Termination Deadline”) [14 days from the Effective Date], in which event the Deposit shall be returned to BUYER and the parties shall no further obligations under this Agreement except for the Surviving Obligations.